Artesian Resources provides water, wastewater, and other services on the Delmarva Peninsula. The Company distributes and sells water to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. It also offers water for public and private fire protection to customers in its service territories. In addition, the Company provides contract water and wastewater services, water and sewer service line protection plans, and wastewater management services, as well as design, construction, and engineering services.
TypePublic
HQNewark, US
Founded1905
Size (employees)225 (est)
Websiteartesianwater.com
Artesian Resources was founded in 1905 and is headquartered in Newark, US
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Key People/Management at Artesian Resources

Dian Taylor

Dian Taylor

Chief Executive Officer & President
Joseph A. DiNunzio

Joseph A. DiNunzio

Executive Vice President & Corporate Secretary
David Spacht

David Spacht

Chief Financial Officer & Treasurer
John Thaeder

John Thaeder

Senior Vice President
Nicholle Taylor

Nicholle Taylor

Senior Vice President
Jennifer Finch

Jennifer Finch

Vice President and Assistant Treasurer
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Artesian Resources Office Locations

Artesian Resources has offices in Newark and Milton
Newark, US (HQ)
664 Churchmans Rd
Milton, US
14701 Coastal Hwy
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Artesian Resources Financials and Metrics

Artesian Resources Revenue

Artesian Resources's revenue was reported to be $82.24 m in FY, 2017
USD

Revenue (Q2, 2018)

39.1m

EBIT (Q2, 2018)

9.2m

Market capitalization (11-Oct-2018)

330.5m

Closing stock price (11-Oct-2018)

35.8

Cash (30-Jun-2018)

216.0k

EV

436.5m
Artesian Resources's current market capitalization is $330.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

69.1m72.5m77.0m79.1m82.2m

Revenue growth, %

5%6%3%

Operating expense total

62.6m

Depreciation and amortization

9.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

18.1m16.9m17.9m19.6m18.0m19.5m20.8m18.4m19.4m21.8m19.2m20.5m18.9m39.1m

Operating expense total

13.7m13.8m14.2m14.3m14.3m14.6m15.4m14.6m14.7m15.9m15.2m15.5m14.9m29.9m

Depreciation and amortization

2.6m5.1m

EBIT

4.3m3.1m3.6m5.3m3.7m5.0m5.4m3.9m4.7m5.9m4.0m5.0m4.0m9.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

422.0k243.0k209.0k226.0k952.0k

Accounts Receivable

5.1m5.1m6.4m7.8m8.9m

Inventories

1.5m1.9m1.7m1.6m1.5m

Current Assets

13.3m16.6m14.4m14.6m19.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

577.0k451.0k394.0k203.0k353.0k360.0k525.0k511.0k223.0k244.0k209.0k303.0k293.0k216.0k

Accounts Receivable

5.9m4.9m5.5m5.0m6.1m5.9m6.6m5.8m7.9m7.8m6.2m6.8m8.1m9.8m

Inventories

1.6m1.6m1.7m1.8m1.9m1.8m1.7m1.8m1.9m2.1m1.6m1.6m1.4m1.4m

Current Assets

14.7m12.0m12.4m14.2m14.5m13.8m15.0m12.1m14.0m15.9m12.2m12.9m14.4m16.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.3m9.5m11.3m13.0m14.0m

Depreciation and Amortization

8.3m8.7m8.8m9.2m9.6m

Inventories

(132.0k)(405.0k)177.0k149.0k45.0k

Accounts Payable

641.0k(357.0k)1.1m618.0k3.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

2.6m2.1m2.0m3.3m2.5m3.2m3.7m2.8m3.0m3.5m7.4m

Depreciation and Amortization

2.1m2.1m2.2m2.3m2.2m2.2m2.2m2.3m2.2m2.3m2.3m2.6m5.1m

Inventories

1.7m1.8m1.9m1.8m1.7m1.8m1.9m2.1m1.6m102.0k94.0k

Accounts Payable

3.3m3.9m3.4m2.6m3.2m3.1m3.6m4.4m4.3m(4.2m)(3.7m)
USDY, 2018

EV/EBIT

47.4 x

EV/CFO

34.5 x

EV/FCF

-42.3 x

Financial Leverage

3.4 x
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Artesian Resources News and Updates

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Artesian Resources Blogs

Artesian announces a 1.5% increase in Common Stock Dividend

Newark, DE, September 26, 2018 – Artesian Resources Corporation (NASDAQ: ARTNA) announced today that its Board of Directors has approved a 1.5% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $0.9692 per share.  The quarterly dividend of $0.2423 is…

Michael Houghton Appointed To Artesian Board of Directors

Newark, DE, September 24, 2018 – Artesian Resources Corporation (Nasdaq: ARTNA), which includes operations in Delaware, Maryland and Pennsylvania, today announced the expansion of the Board of Directors by appointing Michael Houghton.  The expansion of the Board of Directors recognizes Mr. Houghton’…

NOTIFICATION: Bear Tank Maintenance Project Planned

Artesian Water strives to provide our valued customers with superior service and safe, reliable drinking water at an affordable price.  Our commitment to service includes regular maintenance of our facilities and keeping the communities we serve updated about projects planned in our service area. Ou…

Artesian Reports 2018 Second Quarter & Year-to-Date Results

Newark, DE, August 7, 2018 – Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and related services, on the Delmarva Peninsula, today announced that net income for the second quarter of 2018 was $3.9 million, an increase of $0.7 million, or 20.8%, c…

Service Interruptions

DATE TIME LOCATION REASON STATUS EST’D REPAIR TIME

Artesian Water Maryland Urges Port Deposit Customers to Limit Water Use During Flood Emergency

Port Deposit, MD, July 26, 2018 – Artesian Water Maryland urges its Port Deposit, Maryland water customers to limit their use of water to essential purposes during the course of the flood emergency affecting the Town of Port Deposit.  In the event of a mandatory evacuation, water service will be dis…

Artesian Resources Company Life and Culture

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